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The U.S. economy continues to be very strong and Fed Chair Powell this week stated that gradual rate hikes were “for now” the correct approach. President Trump’s late cycle stimulus and shift to more protectionist trade policies has helped the USD strengthen. Since...

Prime Minister May narrowly avoided defeat on the Customs Bill. Brexit concerns and the stability of May’s leadership are weighing heavily on the GBP. Renewed strength in the USD and a short setup in the GBPUSD enabled our entry, risking 20 pips for a potential 70...

It didn’t take long for the major world equity markets to move down, once President Trump announced a further $200 billion of trade tariffs against China. An announcement that caused a knee-jerk reaction for both the AUDUSD and NZDUSD. Trade war concerns which had...

The equity markets begin the trading week having put aside trade tariff concerns… at least for today. The major equity exchanges around the world moved higher, but for how long?   The USD index was relatively flat and there was some appetite for risk as equity...

The USD was weaker today and oil traded at 3.5 year highs. After making a second lower high in the U.K. session with a reversal pattern, a short was taken on the USDCAD risking 14 pips for a potential 64 pips to our daily target. This was clearly a counter-trend...

The EURUSD peeked above its Asian high as the U.K. session got underway and quickly reversed with a bearish engulfing candle back to trend. A short was taken risking 20 pips for a potential 68 pips to our daily target at 1.1584. Price moved down to test its Asian...

The USD showed moderate strength today and stock markets attempted to climb higher after yesterday’s sell off. With a stronger USD, and a moderate appetite for risk, a long was taken on the USDJPY risking 7 pips for a potential 40 pips to the formidable 110.00...

With major stock markets selling off today, a short was taken on the AUDJPY. Both the AUDUSD and AUDJPY looked like attractive shorts when the U.S. session got underway. They both had moved down during the Asian session then recovered a bit. As they began to roll...

Although the Bank of England left rates on hold yesterday, the GBPUSD climbed higher. Choosing to fade that move today during the U.S. session overlap, a short was taken risking 16 pips for a potential 71 pips to our daily target. The idea was to ride it down...